bhall II wrote:dans79 wrote:If I was British I would have voted to leave. For years now I have heard and read how EU law where slowly strangling small businesses to death.
Regardless of one's opinions about EU regulations, the part of Brexit that makes the least sense to me is the prevalence of the false notion that it will somehow relieve British companies of the need to comply with them. Doing business with the EU, which I imagine is still quite necessary for most British firms, means playing by EU rules, whether you're in member country or not. In that sense, Brexit does little more than strip Britain of the power to influence those rules.
Yup, spot on there.
I'm not overly optimistic of a good resolution either. By the looks of it, the EU want's brexit to happen quickly, and I would hazard a guess as to that being opportunism. A big player withdrawing from the single market would leave big opportunities for others within the single market.
Worse still, the implications on GDP are a loss of 6.3% or £4.5k per household.
http://cep.lse.ac.uk/pubs/download/brexit02.pdf
There are big EU funded projects that are going to be withdrawn, and Bank of England's Carney has made £150Bn available to business as an emergency resort to increase confidence.
The message here is, spend our way out of this by getting even more into debt. Aka idiocracy.
The very same people that voted Brexit, are the ones who are going to feel this potential shitestorm worst.
The grey vote, with false promises of 350 million a week to the NHS, will find huge cuts instead of investment.
The unemployed vote, will find that companies start to relocate to the mainland, eviscerating the labour market.
The Handout vote, will find that benefits will be cut to basic breadline standard, lowering their standard of living.
If this goes down half as bad as I think it will, I give it 1 term of office before a BRIT-IN vote.
And by that stage, Europe will have gained a massive advantage over Britain by securing agreements with companies disillusioned with compromised trading inside the UK. Banks, car companies, Haulage, you name it.